A Definitive Guide on Algorithmic Stablecoins
Algorithmic stablecoin relies on an algorithm to maintain their stable value. Check out this presentation to understand how algorithmic stablecoins works.
Key Points
This presentation is for you, if you want to
- Understand what stablecoin is and their various types.
- Learn about the working process of algorithmic stablecoin.
- Know about key elements and use cases of this stablecoin.
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About Algorithmic Stablecoins
Stablecoins are cryptocurrencies that retains a stable value and is unaffected by the market changes. Enterprise companies and businesses can use stablecoins as an alternative to fiat currency as these coins are not volatile. There are many types of stablecoins among them algorithmic stablecoins have no other collaterals associated with them. Just like the name, complex algorithms are at work in maintaining the stable value. Here, you will learn about the infrastructure of algorithmic stablecoins, their key elements and issues.